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20110701
20110731
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says that mr. obama wants big government, not a big economy. >> republicans have tried to persuade the president of the need for a course correction. but weeks of negotiations have shown that his commitment to big government is simply too great to lead to the kind of long-term reforms we need. >> question. when the negotiations started, president obama was looking for a big deal. $4 trillion in spending cuts and tax hikes. has the big deal turned into a big fizzle, pat buchanan? >> it has not, john. did it for awhile but now it is back, and we're talking about something close to adds 4 trillion deal. the president is deep in negotiations with boehner and cantor, and here are the terms. you raise the debt ceiling, at the same time there are 3 trillion in cuts, and they deal with social security and medicare. there is no revenue enhancement. however, you get together some kind of commission which what it does, john, it drops tax rates in return for giving away these deductions, exemptions, allowances, breaks, which in effect is pure reaganism. there's one problem with that. there's a
of winning back the house, they don't want to go there. republicans have a big flank of new members elected on a pledge of no new taxes. nobody is dealing with reality. anybody on this panel, two of us could make a deal, but they cannot. >> why can they not make a deal, charles? >> you saw it in the clip you showed. nancy pelosi is the classic definition of a reaction. liberal. no changes in programs, entitlements. -- classic definition of a reactionary at liberal. no genocide programs, entitlements. if you all make -- note changes in programs, entitlements. if you don't make changes, he will wreck the economy, and everybody over the age of nine knows that. is that they are not willing to means test -- if they are not willing to means test entitlements, which you think and liberal alike, who always argue in terms of sharing the sacrifice and the rich bearing the burden, nothing will happen. >> colby? >> you just had exhibit number one of why they have not been able to reach a deal, as my friend charles expressed. if you start out with nancy pelosi and the position of republicans on tax incr
in business news. big losses on stock markets overnight. >> indeed, catherine. europe and wall street sliding overnight. new york stocks tumbled on monday on growing concerns that greece's fiscal problems could spread to other european countries such as italy and spain. the dow jones industrial average lost more than 180 points at one stage, closing the day at 12,505, down 151 points from friday's finish. sell orders surged for a wide range of issues. earlier in the day, european stocks were down across the board. market sources say investors are speculating eu stress tests for regional lenders could reveal problems that are weighing down on italian banks. results will be announced later this week. italy's long-term bond prices have plummeted on the speculation. >>> now let's go check on tokyo shares after a considerable setback on wall street and continued concerns in europe. we go to ramin mellegard who is at the tokyo stock exchange. italy emerging as the next big story. >> very good morning to you, ai. we're really seeing that reflected in the markets here at the open boat the nikkei down
! why is he introducing it? >> i think the president is acting in good faith. i think he wants a big deal. i think he will take cuts that contracts won't want and take taxes. because his presidency and the future of the country -- he believes -- [everyone talking at once] >> socialistic. that what you're saying. >> vaguely socialistic, yes. >> when they came out with the report he said -- >> what is that report? >> that's a report that deals with the long-term deficit problems of this country. >> they recommend taxation, do they not. >> they had a whole series of recommendations, and the president said i will stand by what they did, except they're still waiting for him to stand by them. >> he's never taken it seriously, in not in his budget, not in his budget state, know when bowl simpson came city. not when they wanted a clean debt limit increase. so that he is winning a debate over the fiscal future of the country is astonishing! and. >> but he's keeping something else off page one! what is it? >> this is a genuine. >> the unemployment problem? it doesn't even figure in this. >> co
. >> afghanistan off page one. iraq is on page one? >> in the ends of july, this is going to be up this big on page one finish they're in the deal. he's got to -- [everyone talking at once] >> unemployment rate on page one! >> if the unemployment rate comes out high, it will be the lead story in the newspaper, john. >> it will dominate the story that we just had? >> it will dominate if for a couple days. >> there will be a deal. >> there will be a deal? >> and there will be a deal and neither side will be happy. each side will give the other side something. they're -- >> not the taxes. that won't be part of the deal. taxes will not be part of the deal. >> what do you 90. >> tax revenues -- [everyone talking at once] >> they'll find something, i think, to agree on finally. i don't know whether it will be on august 2 or august 5th. but unemployment rate is not off the front pages. unemployment is -- on the number-one issue in 20% of american names. you have the biggest unemployment we've had since the great despres in real terms that. is what will kill obama's prospects if he doesn't do something abo
' point is white. these are tiny, tiny little drops in a big ocean. there is not enough in corporate jets or even the hedge fund guys, although i would like to. they have to raise revenues, i hate to say it, on the middle class. this is the point that gets lost on this. everybody is in this boat. there is no way out of it unless every single american does something. >> raise revenues on the shrinking middle class, mark. >> everybody is in it, and evan is right -- evan addressed the possibility of default. when that happens, the federal government of the united states, which bars or 40 cents of every dollar we spend every single day, is faced with the option -- do you pay a sergeant in combat in kandahar, a grandmother with a 1-bedroom apartment in social security check, or to meet the obligations of bankers who are holding their debt in beijing and beverly hills? the answer is simple. the prior claim is on the second group. the reality is we are talking about -- the president is proposing increasing taxes, revenues, by 1% over the next 10 years. $400 billion. we are going to collect $39 t
-- >> what are you suggesting? >> exactly what you think. >> paul tsongas had cancer. there was a big difference between cancer and migraines. if we are going to hold up a standard that if you have a headache that knocks you out for an hour or two, you cannot be president, fdr and kennedy, who had addison's disease, and eisenhower, who had a bad heart, would never have been president of the united states. i am not sure that is the position any of us would want to take. i think her answer was good, i think based on the evidence -- is their behavioral evidence of this woman not being able -- >> just be a cautionary. >> well, cautionary is fine -- >> i don't know the capitol hill physicians but i don't think it is fair to imply that somehow this is a less qualified individual. >> i'm not saying that. >> what about rick perry? >> rick . looks more and more like he is going to come into the race. -- rick perry looks more and more like he is going to come into the race. mike huckabee, a conservative finalist in 2008 against john mccain, has taken a shot at him, saying he will be the champio
Search Results 0 to 6 of about 7

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